Cryptocurrency exchange Crypto.com is among the first platforms to announce the delisting of Tether’s USDt and nine other tokens in Europe following the implementation of the Markets in Crypto-Assets Regulation (MiCA) framework.

Crypto.com will suspend purchases of Tether USDt

After disabling deposits, the exchange will continue to support withdrawals for the affected tokens until the end of the first quarter of 2025, with full delisting scheduled for March 31.

“Users holding these tokens will have until the end of Q1, 31st of March, to convert them to MiCA-compliant assets, otherwise they will be automatically converted to a compliant stablecoin or asset of corresponding market value,” Crypto.com’s representative said.

Wrapped Bitcoin and Dai among affected tokens

Crypto.com’s MiCA-related delistings will affect a total of 10 cryptocurrencies, according to social media reports citing an email notice from the exchange from Jan. 28.

Apart from USDT, Crypto.com will also delist Wrapped Bitcoin

The delistings come in line with a recent statement from the European Securities and Markets Authority (ESMA), which pushed European crypto asset service providers (CASP) to restrict non-MiCA-compliant stablecoins on Jan. 31.

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